Smith Salley Wealth Management Buys 1,457 Shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Smith Salley Wealth Management boosted its stake in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 2.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,349 shares of the company’s stock after purchasing an additional 1,457 shares during the quarter. Smith Salley Wealth Management owned about 0.28% of Fidelity MSCI Communication Services Index ETF worth $3,324,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FCOM. New Millennium Group LLC bought a new stake in shares of Fidelity MSCI Communication Services Index ETF in the 2nd quarter valued at $28,000. Pathway Financial Advisers LLC acquired a new stake in Fidelity MSCI Communication Services Index ETF during the 1st quarter worth approximately $34,000. Comerica Bank lifted its stake in Fidelity MSCI Communication Services Index ETF by 27.7% in the first quarter. Comerica Bank now owns 2,203 shares of the company’s stock valued at $109,000 after buying an additional 478 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 25.6% in the first quarter. Sunbelt Securities Inc. now owns 2,349 shares of the company’s stock valued at $116,000 after buying an additional 479 shares during the period. Finally, Smithfield Trust Co raised its holdings in shares of Fidelity MSCI Communication Services Index ETF by 72.2% during the first quarter. Smithfield Trust Co now owns 3,400 shares of the company’s stock worth $169,000 after acquiring an additional 1,425 shares during the period.

Fidelity MSCI Communication Services Index ETF Trading Up 0.5 %

Shares of NYSEARCA FCOM opened at $55.42 on Friday. The company has a fifty day moving average price of $53.75 and a 200 day moving average price of $51.83. The firm has a market cap of $1.19 billion, a PE ratio of 26.44 and a beta of 1.22. Fidelity MSCI Communication Services Index ETF has a 1-year low of $37.86 and a 1-year high of $55.89.

Fidelity MSCI Communication Services Index ETF Company Profile

The Fidelity MSCI Communication Services Index ETF (FCOM) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of stocks in the US communication services sector. FCOM was launched on Oct 21, 2013 and is managed by Fidelity.